LondonGates is a broker that has one clear goal, to become the best on the market and the leader in the trading industry. I get excited each time I read something like that since it usually means the broker will do its best to set some new standards. This way, clients will be able to enjoy excellent trading conditions and choose from a very good selection of trading assets. So, let’s see if LondonGates can offer things that will make it a leader.
In the main menu, there is a separate section for Accounts. You can go there and see every detail of five different accounts. Yes, that’s right. You can choose between five accounts and each of them has different things to offer.
There are some things that are the same for each account. Every asset this broker offers (more than 200) is available, leverage is flexible, and you get market reviews. What makes them different are other conditions like spreads, webinars, or prioritized withdrawal process. So, let’s see what you get within each account.
The first one is a Self-Managed Account and it requires the smallest deposit of just $250. Leverage is up to 1:100 and you will have access to all market reviews. If you are a beginner, this account is perfect for you. Once you gain more knowledge and skills, you can easily switch to Select Account, which brings more options. For example, dedicated senior manager, bonus funds, spreads from 1.5 pips, leverage up to 1:200, financial planning, monthly webinars, etc. But you need to deposit at least $10,000.
The next account is Personal and all those things from the Select Account are the same here, except there are some additions such as tier-2 room analysis, spreads from 0.5 pips, and flexible leverage up to 1:300. Of course, with better opportunities come bigger deposit requirements, so you need to deposit at least $50,000 if you want to become a Personal Account member.
The fourth option is Honors Account and the leverage with this one goes up to 1:400. Also, there is a special gift worth $5,000, full access to the webinars, ultra-tight spreads (from 0.00 pips), and the best thing — prioritized withdrawal level-1.
Lastly, we came to the Wealth Management Account. If you deposit more than $250,000 you will be able to enjoy each trading condition from the Honors Account. That’s not all, of course. This account will give you one extraordinary benefit, it will be custom-tailored to fit your trading needs. This means that each Wealth Management client has unique conditions that will make this trading journey much better.
I have to say, this LondonGates review started better than I expected. The promises made by the broker were fulfilled so I am thrilled to see what else awaits us.
Although it seems unnecessary at the first glance, education is one of the most important factors when it comes to Forex trading. Yes, you can find every important information online, but it is much better to have all those things in one place.
LondonGates knows that and that’s why this broker implemented a separate section just for education. If you want to improve the skills you have, the only thing you need to do is go to the eBooks section and follow their tutorials. There are so many different things to learn and if you are not familiar with some terms, you can go to the Glossary section. A well-written and concise definition will wait for you there.
The segment about technology includes so many different things. The most obvious one is the website design. It needs to be responsive, neatly-done and optimized. I can tell you right away, LondonGates managed to fulfill everything.
If you want to trade on your smartphone device, you can do that. It’s responsive and you can open it everywhere. Also, it is optimized so the loading speed is excellent. Everything works smoothly. Lastly, the design itself. I do not pay a lot of attention to the website design, since it usually depends on personal preferences, but I can say it’s nice and simple. You can find every important thing and there aren’t many details that will create a distraction.
My first impression is excellent, but we are still not done with this part of the review. There is one important thing we have to see together — the trading platform.
It’s completely innovative and interesting. I like to see fresh designs with good features and it’s a big plus that people from LondonGates think outside of the box. Once you open a trading platform, you will see a list of assets. Choose the one you want to trade with, and every important information will appear. Maintenance margin, initial margin, leverage, trading hours, etc.
Even though I haven’t used this platform before, I managed to find everything without any assistance. And that’s the beauty of it. It’s well-designed and user-friendly.
So far, the quality of service was excellent. Nothing shows us the possibility of some problem, but still. Errors can happen and that’s not a big deal. The most important thing is how the broker handles those errors. By that, I mean proper customer support.
Each broker needs to implement the best support on the website, so clients can reach out to them easily. And what is the best way for that? Well, numerous contact methods. At LondonGates there is one page dedicated to contact service. Inside, you have the phone number, if you wish to call customer representatives. There is a fill-in form and you can leave a message. If you do so, someone from the company will reply to you in no time. The only thing you need to do is check email regularly.
Of course, you can send a regular email and wait for a reply, but there is also a possibility for Live Chat. Since I like to be sure customer support is responsive, Live Chat is the option I test in most cases. Things weren’t any different this time. I sent a message and one of the agents replied instantly. The responsiveness surprised me, I have to admit.
Another thing I like is how helpful an agent was. You can tell they are well-educated since I received complete instructions with all details. Nothing was missing and I was able to continue with the registration process without any problem. So, ten points from me go to their customer representatives.
Credit Cards, Bank Transfer, or virtual currencies. All those methods are available at LondonGates and you can choose the one you prefer. There are no requirements, whatsoever, so if you prefer Bitcoin over Bank Transfer, go for it.
Once you choose the funding method and make a deposit, it will be on your account instantly. Transaction speed is excellent, so you won’t wait for anything. As soon as you make the first deposit, you can start trading.
When it comes to withdrawals, you will have to wait for a bit. I don’t mind that at all since it’s all for a good reason — Identity Verification. This is the first step of each withdrawal and the best way to protect the funds. So, when you decide to make a withdrawal, be sure to go to the KYC Policy and see what documents you need to provide. Prepare them in advance and you will make the whole process much faster.
The one thing I particularly like about funding is the cancellation policy. If you made a withdrawal but realized that was not the best thing to do, there is a possibility to make a cancelation request. Once you make a request, one of the customer representatives will send you an email with detailed instructions and that’s it. You will have the money on your trading account again and you can continue trading without any interruptions.
Now, when we came to the end of this LondonGates review, you can see this is a broker that is worth your time. The promises this broker made at the beginning were fulfilled. Not only that, we received even better conditions than expected and that’s not something you see every day.
So, if you are looking for a new Forex broker that will help you enrich your trading portfolio, LondonGates is an excellent choice. As a beginner, you can choose the smallest account and change it to the bigger one as the time passes. This way, you will start your trading journey slowly, improve your skills, and become better each day.